Brenda is 49 years old, married and has four children. Brenda’s husband runs a vulcanizing shop in their village. Brenda’s oldest child is working abroad as an OFW (Overseas Filipino Worker). She receives monthly remittances from her child who is abroad. Brenda doesn't want to rely only on her child's remittance, which is why she engages in the retail business.
Brenda has her sari-sari store business. She sells eggs, noodles and condiments. She wants to extend her business but she can’t pursue it because she doesn't have enough capital. Brenda is asking for a loan of P50,000 to buy can goods, soft drinks and breads. She hopes to increase her income and be able to provide for her family's needs.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.